FCIC Puts Blame Onto Banks And Government For Financial Crisis

A recent study make known by the Financial Crisis Inquiry Commission (FCIC) places the blame on government and the banks as the two main criminal’s envolved in the stock market crash and resulting financial chaos. The report shows that the deregulation and self-regulation by the banks are major factors. The report continues saying banks not only overlooked warnings they also failed to properly manage and put into question the risks that their faulty mortgages were giving out.

After some 30 years since the government deregulation of the banking industry banks were left to their own ideas & devices for making the bulk of financial decisions. Most times banks leaned toward the side of profits over reliability and responsibility. Americans were seeing how little oversight was being used by the banking industry when the subprime housing bubble imploded.

The Financial Crisis Inquiry Commission examined their findings for an entire year. They have now made public their findings in a full report published and in both ebook and paperback forms offered on their website.

The full report can be read in a book published by the Financial Crisis Inquiry Commission after a full year of examination that will be made available on their website in paperback and e-book formats. Surely in this report one will be seeing a lot of the fault centered onto Alan Greenspan and his successor Ben Bernanke.

The current financial crisis inside the United States and around the World are building up huge looming national debts. A crisis by which out of control money printing created by the central banks such as the Feds QE2 printing programs allow your dollars and other fiat currencies to keep eroding away in value due to debt and inflation. People can protect themselves from further devaluation of the dollar by owning physical precious metals. Gold and Silver have since the beginning of time been used as money. Throughout history gold and silver have always been a storage of true value.